North Carolina Charter Educational Foundation Inc

Analysis

North Carolina Charter Educational Foundation Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina Charter Educational Foundation Inc reported income of $40.2m and spending of $40.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.9m to $40.2m (+12%), an average of +2.9% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Charter Educational Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Mount Aloysius College ($40.2m), St Marks School of Southborough Inc ($40.3m) and Greensboro Independent School Corporation ($40.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Other salaries and wages came to $16.4m. At year end it held assets of $97.5m against liabilities of $113.4m, net assets of -$15.9m.